https://www.taxtmi.com/caselaws?id=246086 The Tribunal held that the donations received by the assessee were not anonymous and should be treated as income under Sections 11 and 12 of the Income-tax Act, 1961. The Tribunal directed the Assessing Officer to verify if the assessee had applied 85% of its income towards charitable objects. If verified, the income would be assessed at nil due to total expenditure exceeding income. The Tribunal allowed the assessee's appeal for statistical purposes, with interest charges under Sections 234B and 167B to be consequential based on the final assessment. en-us Fri, 06 Dec 2013 00:00:00 +0530 Wed, 16 Apr 2014 12:54:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246086 The Tribunal held that the donations received by the assessee were not anonymous and should be treated as income under Sections 11 and 12 of the Income-tax Act, 1961. The Tribunal directed the Assessing Officer to verify if the assessee had applied 85% of its income towards charitable objects. If verified, the income would be assessed at nil due to total expenditure exceeding income. The Tribunal allowed the assessee's appeal for statistical purposes, with interest charges under Sections 234B and 167B to be consequential based on the final assessment. Case-Laws Income Tax Fri, 06 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246086